Cabinet okays integrated transport planning authority, ₹10,000-crore SME fund

What happened: The Union cabinet approved the Integrated Transport and Logistics Authority (ITLA) as a special purpose vehicle for transport planning and monitoring, and a ₹10,000-crore government commitment to the SME Growth Fund. Key numbers: SME fund commitment ₹10,000 crore. ITLA to appraise central projects costing ₹500 crore or more. Why it matters: ITLA is expected to improve multimodal integration and logistics efficiency, though analysts said success depends on coordination across ministries. The SME fund targets a gap in long-term equity capital for growth-stage SMEs.

The Union cabinet approved the Integrated Transport and Logistics Authority (ITLA) as a special purpose vehicle for transport planning and monitoring, and a ₹10,000-crore government commitment to the SME Growth Fund.

ITLA is expected to improve multimodal integration and logistics efficiency, though analysts said success depends on coordination across ministries. The SME fund targets a gap in long-term equity capital for growth-stage SMEs.